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Indian steel sector is progressing towards a quality control regime with India becoming the second top global producer.Read More...

12 March 2019Steel sector has turned out to be one of the major beneficiaries of IBC: ICRA Ltd

The steel sector has provided an impetus to the IBC with four large corporate debtors having already completed the corporate insolvency resolution process (CIRP) yielding a resolution plan. Read More...

06 March 2019Premium Transmission to open new Development Centre in Kolkata

Premium Transmission, one of the leading players in industrial gearboxes, geared motors and fluid coupling market of India, is opening a new Development Centre in Kolkata.Read More...

25 February 2019Indian steel cos more competitive as they have access to cheaper iron ore: Ravi Uppal

Calender year 2018 has been very good for the Indian steel industry. Demand went up by nearly 6% and the production went up nearly 7.5%, Ravi Uppal, Former MD & CEO, JSPL.Read More...

18 February 2019India replaces Japan as second top steel producer: worldsteel

India has replaced Japan as world's second largest steel producing country, while China is the largest producer of crude steel accounting for more than 51 per cent of production, according to World Steel Association (worldsteel). Read More...

04 February 2019Tata Steel eyes big increase in production capacity

Company plans to ramp up its production to 25 million tonnes per annum by 2025, and increase the Kalainganagar plant capacity to 8 million tonnes .Read More...

RINL, which operates the Vizag Steel Plant, recorded a 29% growth in sales at Rs 14,687 crore in April-December 2018, compareRead More...

09 January 2019Domestic steel consumption to grow by 7 pc this fiscal, FY20

The domestic steel consumption growth is expected to grow by 7 per cent during this fiscal and the trend is likely to continue in the next financial year as well, largely driven by the government's focus on the infrastructure sector, says an ICRA report.Read More...

10 December 2018Steel Minister Birender Singh confident about SAIL becoming more profitable next year

After a visiting and reviewing to SAIL’s Durgapur Alloy Steel Plant and Salem Steel Plant, Steel Minister Birender Singh confident about SAIL becoming more profitable next year

10 December 2018India registered a marginal growth in its crude steel output at 8.77 million tonne (MT)

India registered a marginal growth in its crude steel output at 8.77 million tonne (MT) during October 2018, according to World Steel Association (WSA)

17 July 2018Australia sees iron ore prices sliding by more than 10 pct by 2020

Top iron ore exporter Australia sees prices for the steelmaking raw ingredient falling by more than 10 percent over the next two years as demand from China’s steel mills slips while domestic and Brazilian output climbs, a government report said on Monday

Metal companies such as Vedanta, Tata Steel, JSW Steel and Jindal Steel & Power (JSPL) have all been raising funds in the past month. The fund raising spree coincides with an upturn in the steel cycle as domestic demand picks up after a gap of almost five to six years. Steel prices too have perked up in tandem, with a 20% jump in last few months alone. With a spate of government projects in affordable housing, power and railways going onstream, India’s large integrated steel producers are gearing up to add capacity. These plans form an integral part of the ambitious National Steel Policy (NSP), which aims at raising India’s production capacity to 300 million tonne per annum (mtpa) by 2030, up from 100 mtpa at present. The target involves a substantial hike in the country’s per capita consumption of steel to 160 kg from the present low of 65 kg per person, aiming for its highest growth in over a decade.

30 Jan 2018Bigger Gains for Aluminium Expected in 2018

As per the industry experts, Aluminium is poised for bigger gains in the current year as the metal price are further expected to increase. Aluminium reached a three-year high of USD 2,246 per metric ton in December 2017 and is further likely to increase by up to USD 150 per metric ton in 2018, supported by capacity cuts in China and increase in demand for the metal from North America and European Union region. The shortage in metal supply is expected to continue pushing the aluminium prices upwards in the current year. In India, aluminium consumption is projected to increase by 15 to 20 per cent in the coming 2-3 years.

23 Jan 2018Metal Casting Market to Grow at 8.87% CAGR to 2025

Metal Casting Market is forecast to reach $39.94 billion by 2025 from $20.23 billion in 2017 at a CAGR of 8.87% during (2017-2025) driven by increase in vehicle light-weighting trend as a result of growing stringency in emission & fuel efficiency standards, and benefits offered by casting such as higher precision, accuracy, and excellent surface finish, increasing vehicle production and lack of alternative manufacturing processes.

19 Jan 2018Rising Graphite Electrode Prices could Impact Steel Making

Graphite electrodes price has seen a steep increase in recent months, the increase has seen both in the global and domestic market; a month back it was around USD 2,000/MT and now it is increased steeply to USD 15,000/MT and with nil supply. To make 1 tonne of steel 2.5 to 3 kg electrodes are consumed.

13 Sep 2017Domestic stainless steel industry eyes higher customs dutyDomestic stainless steel industry seeks stronger support from the government as it hopes for an upward revision of basic customs duty for stainless steel, bringing it at par with duty on primary steel products, which currently attracts a 12.5 percent levy.On Friday, the government imposed 18.9 per cent CVD on Chinese hot and cold rolled stainless steel products, effective for a period of five years.

12 Sep 2017'Ease of doing business' is not 'ease of making money': Steel Minister NEW DELHI: Steel Minister Chaudhary Birender Singh today said India needs to raise per capita consumption of the commodity, while asking the industry to play ethical by differentiating between 'ease of doing business' and 'ease of making money'Singh said: "When there was dumping in our country, many of the producers of steel became traders. Is it fair on the part of a man who...has the responsibility to produce...? Why? Because there is a possibility that without doing anything you can make easy money."
'Ease of doing business' is very different from 'ease of making money'. Each one has a role to play, he said.

10 Sep 2017SAIL clocks 7 per cent sales rise during April-August on output boost The country's largest steel maker SAILBSE 0.40 % posted a 7 per cent rise in sales at 5.5 million tonnes in the first five months of the ongoing fiscal, helped by production ramp-up "During this period, domestic sales showed improvement in both long and flat products enabling SAIL to increase its market share to 14.6 per cent from 13.4 per cent," the spokesperson added.
SAIL Chairman P K Singh said the steel major is gearing up to encash the conducive environment for demand as envisaged in the progressive policies of the government for the Indian economy, especially the infrastructure sector.
The PSU had recorded an 8 per cent growth in total sales at 13.14 MT in FY 2016-17.
The company had also recorded the best ever total sales figure for March 2017 at 1.575 MT, a rise of 21 per cent over the year ago.

08 Sep 2017Countervailing duty in stainless steel flat products and step towards quality regime: Steel ministerThe imposition of countervailing duty on imports of stainless steel flat products will strengthen the ongoing efforts of Indian industry to move towards 100% quality regime for better safety and health of users. This will provide a level-playing field to the industry to grow to its full potential after attaining 2nd largest rank in stainless steel production in world in 2016, steel minister Chaudhary Birender Singh said.
Steel Secretary Aruna Sharma said, “This is the first case of imposition of CVD on any steel product in India. This would provide the much needed relief to the stainless steel industry from the subsidized imports from China.”